California’s priciest property is a $160-million compound in Carpinteria

Written by MLHA Team

August 18, 2021

California’s most expensive residential property isn’t found Los Angeles County or the Bay Area, but the low-key beach city of Carpinteria. In the small oceanfront community, a 22-acre spread known as the Sanctuary at Loon Point just surfaced for sale at $160 million.

According to the Multiple Listing Service, the titanic price tag makes it the most expensive property in the state, beating out a $135-million retreat up for grabs in Woodside and a $115-million glass mansion listed in Malibu.

If it gets its price, it will rank as California’s second-highest home sale ever. The current crown belongs to Jeff Bezos, who paid $165 million for David Geffen’s famed Warner Estate in Beverly Hills last year.

The Carpinteria compound is owned by Bruce Kovner, an investor and hedge-fund manager who serves as chairman of the board of the Juilliard School. Crawling across 22 acres of coastal bluffs, the staggering estate was assembled over the course of 14 years and consists of five parcels.

Two custom homes occupy the residence, combining for 10 bedrooms and 21 bathrooms across more than 14,000 square feet. They’re connected by a private, gated road with a security checkpoint, and both open to stone patios overlooking the ocean from the edge of a bluff.

Shaped like a “U,” one house opens to a loggia that wraps around a swimming pool and spa. Off to the side, there’s a fire pit surrounded by built-in seating.

Views are the main attraction in the other home, as arched walls of glass line the living spaces and take in views of the coast. Out back, a stone pathway descends to the beach.

Other celebrities who’ve flocked to the secluded coastal community include Ellen DeGeneres, Portia de Rossi and Kevin Costner. Earlier this year, Bryan Cranston sold his eco-friendly beach house in nearby Mussel Shoals for $5.45 million.

Mauricio Umansky and Eric Haskell of the Agency hold the listing.

Some articles from around the MLHA Nation you might like...

0 Comments

Submit a Comment

Getting More Local

Setting Up Shop In Your Area Soon!

Coming Soon!

My Local Home Value

MARKETPLACE

Interactive and Intuitive Digital Magazine focused on the housing markets and home values of Your Area.

Sample is of 

My Seattle
Home Value
Marketplace

Coming Soon!

Vounce HOME VALUE

MARKETPLACE

Interactive and Intuitive Digital Magazine focused on the housing markets and home values of Your Area.

Sample is of 

My Seattle
Home Value
Marketplace

Coming Soon!

My Local Home Value

MARKETPLACE

Interactive and Intuitive Digital Magazine focused on the housing markets and home values of the area you live.

Sample is of

My Seattle
Home Value
Marketplace

Appraiser Interview Guide

We have a combined 70+ years of appraisal experience. It makes us happy to share this with you. Let's jump right in then!

1. The first thing is a lot like many things you might get ready to do is to get your ducks in a row, and have a game plan for setting up your appraisal. And of course  you can't know everything about everything so the right appraiser will provide those answers, and you will get the best results.

2. Have your property information readily available when talking with the appraiser...

Get the complete Appraiser Interview Guide delivered directly to your email box in a readable and downloadable format, there's no cost.

Locations By State

We have all Current Certified Residential and Licenced Appraisers in the country. You can simply get started anytime.
We have also setup in many cities and metro areas as well as a centalized base for many rural locations. We will setup more locations each week.

Washington  |  Oregon  |  California  |  Texas  |  New York  |  Illinois  |  Florida  |  Pennsylvania  |  Washington DC

Locations By State

We have all Current Certified Residential and Licenced Appraisers in the country. You can simply get started anytime.
We have also setup in many cities and metro areas as well as a centalized base for many rural locations. We will setup more locations each week.

Washington  |  Oregon  |  California  |  Texas  |  New York  |  Illinois  |  Florida  |  Pennsylvania  |  Washington DC

Home Office

Portland, OR

Phone

503 781-0448

Contact Us

Copyright ©2021 • My Local Home Appraiser

Copyright ©2021 • My Local Home Appraiser

Phone: (503) 349-3765  Home Office: Portland, OR  |  Email: contact@mylocalhomeappraiser.com

  Email: contact@mylocalhomeappraiser.com